Roseland Property Co., Short Hills, N.J., has launched a new consulting division to offer asset recovery services to financial institutions and other lenders/owners.
The privately owned, full-service company will focus its consulting work on situations where the firm's large-scale land development, construction completion and residential management experience will bring the most benefit to clients exposed to the current variables affecting development land, partially and substantially completed buildings, and property values, according to Principal Bradford R. Klatt.
Roseland's consulting services offer a turnkey property and asset management operation where the company has familiarity with the assessment of approvals and the potential value of a project. Roseland will direct planning, entitlements and regulatory compliance of these projects to their regain value and eventually "recycle" them back into the market, the company says.
Roseland will take responsibility to assess and complete construction of partially built projects, manage the marketing, leasing and ongoing property management, and prepare and sell assets to create incremental value and a pathway to liquidity.
"Combined with Roseland's community building skills, master planning, environmental remediation expertise and accessibility to public and private sources of capital, our asset recovery services will help clients stabilize their investments and recover as much capital as possible on these," says Klatt.
SOURCE: Roseland Property Co.